Mahathir Says Ringgit Controls Will Stay
In Place as Malaysian Economy Recovers

Dow Jones Newswires

Updated Oct. 20, 1998 3:45 a.m. ET

TOKYO -- Malaysian Prime Minister Mahathir Mohamad said Tuesday that his country would continue with capital controls on the ringgit and that the Malaysian economy has shown "early signs of a turnaround."

Speaking in Tokyo at a symposium on the Asian economic crisis, Dr. Mahathir said that despite the controls, investments have moved freely in and out of the country and that "businesses have accepted this and found no...